You are here: Home - Insurance - News -

Motorists not checking insurance small print

0
Written by:
09/05/2008

Thousands of UK motorists not reading the small print on their insurance policies are running a major risk of not being covered to the extent they think they are, according to Swift Cover.

The research found British drivers to be extremely confused as to what is and isn’t covered by their insurance. For example, while eating and smoking behind the wheel might not be a criminal offence, many drivers are not aware that they could be accused of negligence if involved in an accident while smoking or eating, resulting in a drastically reduced payout.

Hopping behind the wheel of your partner or friend’s car might seem like a perfectly acceptable thing to do – indeed 29% of drivers polled assumed that they would be insured through their own insurance.

In fact, most car insurance policies only insure drivers if it’s included in the small print, and rarely offer more than third party cover.

Not telling your insurer when you exceed your mileage can also invalidate your policy. The poll showed that a quarter of motorists didn’t know whether driving over their stated mileage would affect their insurance cover- while nearly a fifth stated that it wouldn’t.

Tina Shortle, spokesperson for Swift Cover, said: “While choosing the lowest price car insurance policy is most people’s objective, it is also important to know exactly what is and isn’t covered. Drivers make a lot of assumptions about their policies, so it’s best to read all terms and conditions carefully and to regularly review the terms.”

Related Posts

Tagged:

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

  • RT @TSB_News: Today we’ve launched market leading rates on the high street with our two-year fixed bond and two-year fixed rate cash ISA. R…
  • RT @TSB_News: Today we’ve launched market leading rates on the high street with our two-year fixed bond and two-year fixed rate cash ISA. R…
  • How much of your salary would you sacrifice for more free time? @YourMoneyUK https://t.co/mtHEIZkfnb https://t.co/lOMmfzIRgY

Read previous post:
Ads for investment products non-compliant

An estimated 42% of advertisements for investment products were found to not comply with all of the Financial Service Authority’s...

Close